blog Fascinating interview on Business Spectator today with iiNet chief executive Michael Malone, who argues that Internode founder Simon Hackett should sell the ISP — and preferably to iiNet.
Click here for the full interview. Our personal favourite paragraphs:
“I don’t want to push their price up, but I’ve said it publically before I’m a big admirer of both Adam and Internode in Adelaide … I’ve said this before, I think he [Hackett] should have cashed out about a year and a half ago. I don’t think the business will ever be worth more than it was a year and a half ago when the sector was still very much in land grab mode.”
I guess it’s always been a pretty open secret that iiNet would love to buy Internode if it had the chance. However it’s a bit disconcerting to see Malone commenting so publicly on it. Kind of like if you told everyone in your high school class who you had a crush on. Everyone already probably knows … but should you shout it out loud?
Image credit: Internode